Quote from: Watsuji on March 20, 2017, 11:04:48 PM

Quote from: RaiBlocksCommunityWill on March 20, 2017, 04:13:09 PM

I announce I'm working on the algoritm of the first XRB "mixer".
I say "mixer" and not mixer, just because it doesn't mix, but wants to reach the same goal.
Would be better call it: XRB deceiver.

Coin mixer concept:

Differents users or holders join their funds and an algorithm split them back. (Very basic concept)

Coin deceiver concept:

Since I want to provide a solution that allow to "mix" coin without the help of third parts, I can't call it mixer. Just deceiver.
What's the concept? XRB allows us to a potentially infinite number of tx, since no fee is required.

Deception is more efficient as:

- more time deception lasts
- more txs are generated from the source account (the account wants to to deceive)

The basic idea is to analyze how much tx in the network happen, how many different amounts are send, what's the amount average and other txs property.

The goal is to make believe to your "account stalker" that you don't hold your funds anymore and that such funds have just being send to someone else.

At the end of deception, from your source account you'll get many many more accounts with different amounts. You'll be able to spend such splitted amount with a proper tool.

(You'll loose some funds, because to perform a proper deception, your funds will be sent to accounts of other ppl, that you don't own).

Will be written in PHP and posted on GitHub (so other devs can write in different language).

Give me your feedback.

Monero's ringct would be amazing but I'm not sure if it's possible to implement that into raiblocks.

On your idea, since transactions and creating accounts are free, i think it would be better just to use your own accounts rather than accounts of other people, it reduces risk.

I vote for ring signature as well. Make this Happen Grin